From Ron Paul
The IRS’s Job Is To Violate Our Liberties
“What do you expect when you target the President?” This is what an Internal Revenue Service (IRS) agent allegedly said to the head of a conservative organization that was being audited after calling for the impeachment of then-President Clinton. Recent revelations that IRS agents gave “special scrutiny” to organizations opposed to the current administration’s policies suggest that many in the IRS still believe harassing [...]
Generation Jobless: A Quarter Of The Planet’s Youth Is Neither Working Nor Studying
We recently discussed the ‘dead-weight’ problem of youth unemployment in developed economies. The Economist estimates thatthe world’s population of NEETs (not in employment, education, or training) is a stunning 290 million – or around one-quarter of the world’s youth.
Sadly, many of the ‘employed’ young have only informal and intermittent jobs. In rich countries more than a third, on average, are on temporary [...]
This year is the fiftieth anniversary of Murray Rothbard’s America’s Great Depression. In that work, Rothbard masterfully achieves three objectives.
1. He provides a restatement and extension of the Austrian theory of the business cycle (ABCT) while expertly defending the theory against critics;
2. He applies the theory to the inflationary boom of the 1920s and subsequent bust of 1929-30; and
3. He applies microeconomics, with special attention to what economists Richard Vedder and Lowell [...]
Washington’s Democratic and Republican power brokers have sent the message to the nation that going over the fiscal cliff is a worst-case scenario. But they’re not acting that way, not at all.
Instead, many of them have calculated that it’s better to go over the cliff — at least temporarily — than swallow a raw deal.
For many Republicans, a cliff dive means blaming President Barack Obama for a big tax hike in [...]
Recipients of lottery prizes should share with the public purse his fortune from next year. The Finance Minister Cristobal Montoro, has announced a 20% tax on profits above 2,500 euros, as one of the new tax measures included in the draft law on the State Budget approved by the Government today. The measure covers not only state lottery prizes (such as Christmas or Gordo Primitiva), but also affects the contests like ONCE.
We may have to add China to the list of Olympic hosts that got a raw deal.
Most of the $3-billion in new stadiums, renovations and training centers prepared for the 2008 games are mostly empty and losing money, according to Caixin’s Wang Yuqian.
Some highlights from Caixin:
Only a third of major sports venues nationwide break even.
The rest of them lost $44 million in 2010 alone.
Beijing’s famous Bird’s Nest hosted only 12 events [...]
All young adults who think they’re getting a raw deal in today’s economy, let me tell you about how it was back in my day.
In 1984, my final undergraduate year of university, tuition cost more or less $1,000. I earned that much in a summer without breaking a sweat.
When I went looking for a new car in 1986, the average cost was roughly half of what it is now. It [...]
NEW YORK (CBSNewYork) — Southwest Airlines has apologized to a mother and daughter who said they got rough treatment at the airport.
Kenlie Tiggeman, a 30-year-old political strategist and weight loss blogger in New York City, said it was humiliating, being told she was too fat to fly, reports CBS 2’s John Slattery.
“It was rude. It was in front of lots of people,” said Tiggeman, who’s originally from New [...]